Another utility has announced plans to replace coal-burning units with those powered by natural gas. This time it was Duke Energy, which said last week that it will shut down two units at its Gallagher power plant at New Albany, Ind., across the Ohio River from Louisville, and replace that generation with gas-fired units it is purchasing from another utility.
The two units at Gallagher will close by Feb. 1. According to this article in The Courier-Journal of Louisville, Gallagher has been a problem in the Louisville area for a long time. But its problems show that burning coal to make electricity is becoming more expensive, and the economics of burning coal require larger generating units that can justify the hundreds of millions of dollars that installing scrubbers and/or other equipment can cost.
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Have you seen whats been reported in coal industry and coal reports lately? The latest coal market news is that emerging countries are predicting to use large amounts of thermal coal for power generation and coal mining for steel production and they are investing heavily onshore and offshore to secure the coal they need so that they can meet increasing demand for electricity and steel. Cherry of www.coalportal.com
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